{"id":32864,"date":"2024-04-20T06:59:38","date_gmt":"2024-04-20T06:59:38","guid":{"rendered":"https:\/\/kede.com.br\/news\/coventry-building-society-and-co-op-bank-agree-takeover-terms\/"},"modified":"2024-04-20T06:59:39","modified_gmt":"2024-04-20T06:59:39","slug":"coventry-building-society-and-co-op-bank-agree-takeover-terms","status":"publish","type":"post","link":"https:\/\/kede.com.br\/news\/coventry-building-society-and-co-op-bank-agree-takeover-terms\/","title":{"rendered":"Coventry Building Society and Co-op Bank agree takeover terms"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Steve Hughes, chief executive of Coventry Building Society, described it as an exciting moment.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">\u201cWe\u2019ve spent a lot of time evaluating this opportunity and believe it\u2019s the right thing to do,\u201d he said in a letter to customers.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The lenders said they were working together to firm up the arrangements of the deal and stressed there can be no certainty that an acquisition will happen.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The two firms will retain their current names and branding while they work to finalise the deal.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Co-op Bank has 50 branches across the UK with about 3,400 staff. In March, it said it was planning to cut about 400 jobs as part of efforts to cut costs.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/c51nmr7818do\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steve Hughes, chief executive of Coventry Building Society, described it as an exciting moment. \u201cWe\u2019ve spent a lot of time evaluating this opportunity and believe it\u2019s the right thing to do,\u201d he said in a letter to customers. The lenders said they were working together to firm up the arrangements of the deal and stressed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[56],"tags":[4153,1024,630,10815,1966,2799,1768,5730],"_links":{"self":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/32864"}],"collection":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/comments?post=32864"}],"version-history":[{"count":1,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/32864\/revisions"}],"predecessor-version":[{"id":32866,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/32864\/revisions\/32866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/media\/32865"}],"wp:attachment":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/media?parent=32864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/categories?post=32864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/tags?post=32864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}